Nike sells Umbro brand to Iconix(FT)
"Iconix Brand Group has agreed to buy Nike’s Umbro sports apparel and footwear unit for $225m in cash, marking the fashion brand’s second deal with the US sportswear group."

Accessible Luxury Brands Ride China’s Middle-Class Wave(Jing Daily)
"As the battle rages on between high-end and high-street brands in mainland China and Hong Kong, one ongoing trend to watch is the success of so-called 'accessible luxury' or 'affordable luxury' brands in the market, those that span the bridge between luxury and masstige."

ASOS year profit soars(Reuters)
"British online fashion retailer ASOS posted an expected 40 percent rise in year profit, as strong trading in overseas markets, such as the United States and Australia, more than offset slower growth in its home market."